China
China is the 2nd largest Economy in the world accounting for 16.34% of the total global economy. The country is the world’s largest trading country, holding the record for being the largest exporter and the second largest importer. IMF predicts China’s economy to grow by 8.2% in 2021.
1.4 b
Population
Source: CIA Factbook
US$14.34 t
Gross Domestic
Product
Product
Source: CIA Factbook
6.9%
GDP Growth Rate
Source: World Bank
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US$10.262
GDP per Capita
Source: Data Commons
- China’s value of export to Fiji – FJ$ 752.6 million. Source Fiji Bureau of Statistics
- China’s value of imports from Fiji – FJ$ 15.5 million. Source Fiji Bureau of Statistics
Top products Fiji Export to China
- Mineral Water
- Timber
- Tuna
- Iron Ores
Opportunities
- China has the largest middle-class consumption market segment in the world with the base of these consumers being made up of the relatively young educated population.
- China has the largest retail e-commerce market in the world, accounting for more than half of the global e-commerce market share with almost 1 billion online shoppers annually.
- China is the largest agricultural food importer in the world - importing US$133.1 billion worth of agricultural products in 2019, with growing demand for meat, dairy and horticultural products.
- In 2018, China’s young consumers spent roughly US$115 billion on luxury consumer goods which is equivalent to a third of the global market sales.
- With a rapid aging population, China’s investment and spending on the healthcare sector has grown making the country the third largest market for pharmaceuticals in the world.
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